Guideline Value for Thiyagi Surendran Street

Thiyagi Surendran Street guideline value

The current guideline value of Thiyagi Surendran Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar Sub Registrar Office (SRO) and falls under the Residential Class IV Type - II land classification.

How the guideline value of Thiyagi Surendran Street has changed

In the 2007 revision, the guideline value was set at Rs 800 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 3,000 per sq.ft, marking a change of +275%. The guideline value remained unchanged at Rs 3,000 per sq.ft in the 2023 revision. However, in the 2024 revision, the value increased to Rs 3,300 per sq.ft, reflecting a change of +10% from the previous year.

It is important to note that there are no figures available for Thiyagi Surendran Street in the 2017, 2003, and 2002 revisions. Overall, from 2007 to 2024, the guideline value has increased by +313%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft. Thiyagi Surendran Street's 2024 guideline value of Rs 3,300 per sq.ft is below this median.

• Thiyagi Kuppusamy Street: Rs 3,300 per sq.ft (2024)
• Tholkappiar Street: Rs 3,300 per sq.ft (2024)
• Thiyagi Kuppan Street: Rs 3,300 per sq.ft (2024)
• Thiyagi Kuppan 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Thulasiammal Nagar: Rs 3,300 per sq.ft (2024)
• Thiru.Vi.Ka. Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagi Surendran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiyagi Surendran Street?

The Thiyagi Surendran Street falls under the jurisdiction of the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Kodambakkam

When buying or selling property in Kodambakkam, the guideline value is used to determine the stamp duty and registration fees. The guideline value serves as a reference point for the government to assess the property value for taxation purposes.

During the registration process, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiyagi Surendran Street?

The current guideline value of Thiyagi Surendran Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +313% over the years.

What are the other streets with the same guideline value in Kodambakkam?

Other streets in Kodambakkam with the same guideline value of Rs 3,300 per sq.ft in 2024 include Thiyagi Kuppusamy Street, Tholkappiar Street, Thiyagi Kuppan Street, Thiyagi Kuppan 2nd Cross Street, Thulasiammal Nagar, and Thiru.Vi.Ka. Street (M.G.R.Nagar).

Where can I find the Sub Registrar Office for Thiyagi Surendran Street?

The Sub Registrar Office covering Thiyagi Surendran Street is the Ashok Nagar SRO, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Kodambakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate is 7% for stamp duty and 2% for registration fees.